This topic contains a solution. Click here to go to the answer

Author Question: Since the firm in the above figure is operating in a monopolistically competitive industry, in the ... (Read 168 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
Since the firm in the above figure is operating in a monopolistically competitive industry, in the long run we can expect to see
 
  A) the typical firm's economic profits expand as production becomes more efficient.
  B) more firms entering the industry until economic profits are zero.
  C) the typical firm producing at the minimum point on its ATC curve.
  D) each firm expand its share of the total market.

Question 2

The long-run aggregate supply curve is vertical at 10 trillion, but the short-run aggregate supply curve intersects the aggregate demand curve at 12 trillion. From this, we know that
 
  A) the economy is operating below full capacity in the short run, and will have to adjust by hiring more workers, thus reducing unemployment.
  B) the price level is too high. The only way long-run equilibrium can be restored is to lower the price level.
  C) adjustments will have to occur so that the long-run aggregate supply equals 12 trillion.
  D) adjustments will have to occur so that the short-run aggregate supply intersects the aggregate demand curve at 10 trillion.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly




mp14

  • Member
  • Posts: 534
Reply 2 on: Jun 29, 2018
Gracias!


kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

For a complete list of videos, visit our video library